When it comes to property management, mediocre isn’t going to cut it. You want to work with a property management company in Northern Virginia that is professional, friendly, and extremely skilled at what they do. Here are the top 5 property management companies that you can work with in Northern Virginia.
RentSimple
RentSimple Property Management is the #1 rated property management company in Northern Virginia, and it’s not hard to see why. They offer a full range of services that your property may need, from finding tenants to keeping up with maintenance. What truly distinguishes RentSimple is its unwavering commitment to providing a guarantee that is backed up by 100% Rent Protection. This level of protection is very unique in the property management industry and no other competitor offers it in Northern Virginia.
Here are some of the things that set RentSimple apart as the best in the business.
1. Guarantees
RentSimple is a Company known for its Guarantees. They offer foundational guarantees with their management plans:
- Rent Guarantee: Under their Professional and Premier Plans, if the tenant does not pay Rent, then it will be paid by RentSimple. This is fully covered under the Premier Plan and 2 months of coverage under the Professional Plan. The Premier Plan also insurance tenant damage to the property up to $10,000.
- Good Pet Promise: Speaking of Guarantees, RentSimple also 100% guarantees any and all pet damage to a property done by a pet that they have screened.
- Eviction Free Guarantee: Depending on the Plan you choose, RentSimple will cover a significant portion, if not all of the cost associated with an Eviction, including attorney’s fees and court costs.
- Happiness Guarantee: If RentSimple can’t make you happy, they will refund one month’s management fee and allow you to cancel the management agreement with 30 days notice
2. Tenant Screening
RentSimple provides tenant screening based on employment, credit, and rental history at no cost to clients. They also run criminal background checks on prospective tenants to ensure that each property and its tenants are kept safe and sound.
RentSimple works diligently to find the best possible tenants for every property they manage and they utilize an array of information to ensure that each tenant is a great match, including:
- Rental payment records
- Eviction history
- Fraud reports
3. Short Days on Market Average
Taking one quick look at RentSimple’s “Recently Rented” page and you can see why RentSimple’s average days on the market for a property is only 7.4 days! That means your property will be filled quickly so you can start bringing in recurring revenue. They only use a professional photographer to shoot amazing pictures and videos of the home so that it can rent quickly. They are also a Zillow Premier Listing Partner.
4. Quality Maintenance
Dealing with property maintenance issues is one of the most overwhelming components of owning an investment property, but RentSimple puts in the effort to ensure that none of its clients ever have to deal with the hassles associated with property maintenance. Instead, they handle all of the heavy lifting, including but not limited to processing tenant maintenance requests, identifying the services needed for each request, scheduling services as soon as possible, and managing communication with tenants in regard to ongoing maintenance concerns.
5. Regular Inspections
Nobody wants to constantly worry about the state of their investment property when it’s being rented by a tenant, which is why RentSimple helps protect properties by conducting routine inspections. By regularly monitoring the state of an investment property, RentSimple can minimize risks and catch minor needs for maintenance before they become major, costly issues.
6. Easy Rent Collection
Receiving rent payments is perhaps the most rewarding aspect of being a landlord in Northern Virginia, but all the headaches that go into collecting rent can be a detriment for many landlords. Fortunately, RentSimple takes all of the difficulty out of rent collection and makes the whole process a breeze using their simple rent collection system.
Rent collection services include:
- 100% rent coverage for Premier Plans
- One month of coverage for Professional Plans
- ACH deposits on the 15th of every month
Furthermore, RentSimple’s online payment platform makes it easy for tenants to make rent payments, eliminating the need to worry about lost checks or delays associated with mailing rent payments.
7. Dedicated to Rentals ONLY
Most Property Management Companies do a little bit of everything when it comes to Real Estate, but RentSimple only focuses on Rentals in Northern Virginia! This may sound like a no-brainer but it is not common in the industry. It is very typical to see property management companies also do Real Estate Sales and sometimes even HOA management. In reality, its hard to do that many things well. RentSimple is dedicated to only one region, NOVA, and only one service — RENTALS!
8. Additional Perks & Services
On top of all the fantastic services that RentSimple has to offer each of its clients, the perks don’t end there. Take a look at these additional reasons why RentSimple is the #1 property management company in Northern Virginia.
- RentSimple has more than 15 years of experience serving landlords.
- The process for getting started is as easy as possible. It’s as simple as getting a free rental analysis, scheduling an onsite assessment, and letting RentSimple take it from there.
- RentSimple offers Rent Guarantee. This means that if your tenant doesn’t pay rent, RentSimple has you 100% covered.
- RentSimple offers the Good Pet Promise, which covers any and all pet-related damage done to your property.
9. Amazing Reputation and Reviews!
RentSimple Core Philosophy is Great Spaces + Great People = Lasting Returns. Focusing on quality has allowed them to earn a near perfect rating on Google and other platforms!
Bay Property Management Group
Bay Property Management Group has several strengths that are important to consider. Like RentSimple, Bay Property Management Group offers full tenant services with property managers on call 24/7. Here are some other reasons you may want to consider working with Bay Property Management Group.
1. Decreased Expenses
They also help investors decrease expenses by 20% or more to help with the profitability of the property. Bay Property Management Group only charges 3 fees and keeps everything transparent with their clients.
- Monthly Management Fee
- Leasing Fee
- Lease Renewal Fee
2. Six-Month Tenant Eviction Warranty
Bay Property Management Group is completely confident in its tenant screening processes. They’re so confident in their ability to market to and screen tenants, that if a tenant needs to be evicted in the first six months of their lease, they will re-rent the property again and not charge a new placement fee. (They will not reimburse Landlord’s for any lost rent during the eviction process)
3. Property Managers On Call 24/7
They focus completely on client satisfaction. There are property managers on call 24/7 and over 180 employees available to assist with any issues or questions that may arise. This round-the-clock service with ample staff means that anything that needs to be done, will be done quickly and efficiently. Superior customer service is a hallmark of the company.
4. Focus on Your Experience
They know that property management is stressful. Bay Property Management Group wants to help landlords with all the headaches associated with property management. Leases, tenant screening, maintenance, damage, and evictions are a daunting undertaking. They are experts in all of these areas and can confidently navigate anything that needs to happen in the course of renting property.
5. Technology Benefits
Technology is critical in creating a great property management experience. They keep up with trends and software in order to make sure the best technology is being used to create the best experience. Online portals provide 24/7 access to both tenants and owners in order to review anything they need to. Tenants can pay their rent online, and make and view any maintenance requests. Owners have the ability to access all of their information, including financials.
6. Commercial and Residential in the DMV
Bay Area Property Management Group has a profound understanding of Northern Virginia’s diverse and dynamic real estate market. Their team possesses in-depth knowledge of neighborhoods, market trends, and property values, allowing them to provide expert guidance to property owners in DC, Maryland, and Virginia.
They provide a wide array of services for their clients and will even manage commercial properties.
Nomadic Real Estate
Nomadic Real Estate offers a host of unbeatable benefits to clients looking to buy, sell, rent, or manage properties. They have 15 years of experience and built a team with a specific approach to make them one of the best in the area. With a 96.5% occupancy rate, an average repair time of less than two days, and a dedicated account manager, Nomadic Real Estate is a fantastic property management company to work with.
1. Extensive Property Management Services
Nomadic Real Estate excels in property management, offering a comprehensive suite of services. Whether you’re a property owner or a tenant, you can benefit from their expertise in property management. Their services include marketing and tenant screening, rent collection, maintenance, and more. Property owners can enjoy peace of mind, knowing that their investment is in capable hands, while tenants can expect responsive and professional property management services.
2. A Client-Centric Approach
Nomadic Real Estate prioritizes the needs and goals of its clients. Their client-centric approach means that they take the time to understand your specific requirements, whether you’re buying, selling, renting, or investing. This personal touch ensures that you receive tailored solutions that align with your objectives and expectations. They offer 24/7 phone service, and 97% of callers are able to speak with a live person.
3. Effective Marketing Strategies
When it comes to selling or renting a property, Nomadic Real Estate leverages effective marketing strategies to maximize exposure. Their team utilizes modern marketing techniques, including online listings, professional photography, and targeted advertising, to attract the right buyers or tenants. This comprehensive approach helps properties stand out in a competitive market.
4. A Diverse Portfolio of Properties
Nomadic Real Estate boasts a diverse portfolio of properties, spanning various types, including apartments, single-family homes, condominiums, and townhouses. This wide range of offerings means that clients have access to a broad selection of properties to suit their preferences and requirements. Whether you’re a first-time homebuyer or an experienced investor, you can find the ideal property with Nomadic Real Estate.
Their brokerage group, Explore, offers exclusive services to clients, connecting sellers to investors. Explore focuses on creating real estate transactions that are faster and easier for all parties involved. Their network of over 500 investors means buyers can review off-market deals with their client list, and sellers can have their listing marketed directly to interested buyers.
5. Investment and Financial Guidance
For clients looking to invest in real estate, Nomadic Real Estate provides invaluable guidance. Their experts offer insights into potential investment opportunities, financing options, and strategies to maximize returns. Their goal is to help clients make informed decisions that align with their financial goals.
6. Transparent Communication
Clear and open communication is a hallmark of Nomadic Real Estate. They keep clients well-informed throughout the entire real estate process. Whether it’s providing market updates, progress reports on property management, or feedback from showings, clients can expect transparency and responsiveness. Tenants receive access to an online portal that will allow them to access real-time bank statements, work orders, inspection reports, and other documentation.
7. Rigorous Tenant Screening
Nomadic Real Estate is renowned for its meticulous tenant screening process. This approach ensures that property owners have reliable, responsible tenants who are more likely to maintain their properties in good condition and pay rent on time. Rigorous tenant screening reduces the risk of issues such as eviction or property damage. Nomadic Real Estate has collected over $300,000,000 in rent on time!
Richey Property Management
In the dynamic world of real estate and property management, finding a trustworthy and reliable partner is more important than ever. Property owners and investors looking to maximize their returns and minimize their hassles are in great hands with Richey Property Management.
Richey Property Management stands out as a shining example of what a property management company should be. With a dedication to excellence, a client-centric approach, and a proven track record, here are some compelling reasons why Richey Property Management is a great company to work with.
1. Experience That Matters
One of the key reasons why Richey Property Management is a standout in the industry is its wealth of experience. With over two decades in the business, they have navigated the ever-evolving real estate landscape, adapting to market changes and fine-tuning their approach. This longevity ensures that clients benefit from the insights, expertise, and strategies that only years of experience can provide.
2. Inspections
Richey Property Management does several inspections over the course of the lease. This will help ensure that potential problems are addressed, and verify that the tenant is following all of the lease terms and conditions. Move-in and move-out inspections are also done, in order to ensure everyone is protected in case damage occurs at the property.
3. Effective Marketing Strategies
Effective marketing is key to attracting quality tenants quickly. Richey Property Management utilizes a 7-step marketing plan to showcase your property to a wide audience. From online listings to social media promotions, they ensure that your property is visible to potential tenants, minimizing vacancies and maximizing your rental income.
4. Tenant Selection Expertise
One of the most critical aspects of property management is tenant selection. Richey Property Management has a rigorous tenant screening process in place that includes background checks, credit evaluations, and rental history reviews. This attention to detail minimizes the risks associated with problematic tenants, reducing the chances of late payments, property damage, or eviction proceedings.
5. Proactive Maintenance
Richey Property Management recognizes that regular property maintenance is essential to preserving the value of your investment. They have a network of trusted contractors and vendors, ensuring that your property is well-maintained, and repairs are handled promptly, with 24/7 availability. Preventive maintenance helps to avoid costly emergency repairs down the road.
6. Guarantees
Richey Property Management will give you the guarantees you need in the evolving world of property management. Like Bay Management Group, They guarantee that the tenants will stay for 12 months, or they will find a new tenant for free. They guarantee that if the tenant doesn’t pay their rent, you won’t have to pay management fees. They do not however, reimburse LAndlord’s for any lost rents during an eviction.
You won’t need to pay anything upfront and only begin to pay once a qualified tenant moves into your property. They also guarantee that if you aren’t happy within 90 days, you can cancel with no problems. Finally, if you aren’t completely satisfied, your contract can be terminated at any time with no termination fees with a 60-day notice.
7. Transparent Financial Reporting
Managing a property’s finances can be complex and time-consuming. Richey Property Management simplifies this process by providing transparent and detailed financial reports. You’ll have access to information about income, expenses, and financial performance, giving you a clear picture of your property’s financial health.
Circle Property Management
In the realm of property management, finding a great company can be a daunting task. Enter Circle Property Management, an outstanding company that has consistently demonstrated why they are one of the best in the business.
Among their numerous strengths, one distinguishing feature that sets Circle Property Management apart is the fact that they are not franchised. Let’s discuss why Circle Property Management is the gold standard in property management and why their independence from franchising makes them a remarkable choice for property owners and investors.
1. Independence Breeds Excellence
When it comes to choosing a property management company, one might wonder what the absence of franchising brings to the table. The answer is simple: independence. Circle Property Management is a locally owned and operated company, allowing them to make decisions based on the unique needs of their local market. They aren’t constrained by one-size-fits-all policies and procedures that are often dictated by a national franchise.
2. Local Expertise and Knowledge
One of the key benefits of working with an independent property management company like Circle Property Management is their in-depth knowledge of the local real estate market. They have their fingers on the pulse of the community, understanding the nuances and intricacies of the area, which is crucial for making informed decisions about your property. Local expertise translates to better tenant selection, market analysis, and tailored property management solutions.
3. A Deep Commitment to Your Success
The team at Circle Property Management is deeply committed to the success of their clients. Their goal isn’t just to manage properties; it’s to help property owners and investors maximize their returns and achieve their financial goals. This commitment is evident in the time and effort they invest in every property under their care.
4. Full-Service Property Management
Circle Property Management offers a full suite of property management services, covering everything from marketing your property and tenant screening to rent collection, property maintenance, and financial reporting. Their comprehensive approach means you can trust them to handle every aspect of your property management, ensuring a seamless experience for property owners.
5. Savings
As Circle Property Management is a family-owned and independent company, they do not need to pay franchise fees or third-party fees, so that savings can pass to you. Some of those benefits include:
- No Cancellation Fees
- No Transfer Fees
- No Processing Fees
- No Final Inspection Fees
- No Release Fees
- Just 30 Days’ Notice to Cancel
6. Technology Focused
Don’t be fooled into thinking independent means low-tech! Circle Property Management cares about data management and business process engineering. The office is paperless, and all documents are scanned into their portal site for owners, giving you 24/7 access to anything you may need. Some of the other technology offerings include:
- Electronic Payment Systems
- Proprietary Contact Management Software (100’s of data points)
- Proprietary Drip Email Campaigns (Auto Reminders)
- Paperless Office Protocol
- Managed Firewall
- Accounting Platform
- In-House Booklet Printing
7. Local, Accessible Support
Another benefit of an independent property management company is that they are readily accessible and responsive. Circle Property Management offers a local and personalized approach to customer service. You won’t have to navigate a maze of corporate bureaucracy to get your questions answered or issues resolved. They are there when you need them, providing support and assistance that’s just a phone call or email away.
In Northern Virginia, the need for top-notch property management is paramount, and these five companies have consistently proven their dedication to excellence. From their extensive knowledge of the local market to their commitment to providing top-notch services, each one of them has earned its place as a leader in the industry.
Whether you’re an investment property owner or a tenant seeking a comfortable, well-managed home, you can trust these property management companies to deliver a level of service that goes above and beyond. Choosing the right property management company can make all the difference in the world, and with these options in Northern Virginia, you’re one step closer to experiencing the peace of mind and convenience that comes with professional property management.
